BREAKING NEWS: Indiana Pacers Basketball Legend Reggie Miller Returns as Co-Owner In a monumental announcement, Indiana Pacers owner the Herb Simon family has officially declared that Texas Tech Red Raiders the legendary Shooting guard and long-time face of the franchise, will return to the organization in 2025 as a co-owner..
In a stunning development that has electrified the basketball world, the Indiana Pacers have officially announced that franchise icon Reggie Miller will return to the organization in 2025 — not as a player or coach, but as a co-owner. The news was confirmed on Tuesday by the Herb Simon family, longtime owners of the team, in a press conference that drew both fans and media from across the country.
Reggie Miller, a Hall of Fame shooting guard and one of the most iconic players in NBA history, spent his entire 18-year career with the Pacers. Known for his clutch three-point shooting, fierce competitiveness, and unforgettable playoff performances — including his legendary eight points in nine seconds against the New York Knicks — Miller remains the franchise’s all-time leading scorer. His number 31 jersey hangs in the rafters of Gainbridge Fieldhouse, a testament to his enduring legacy in Indiana.
“Reggie is Indiana basketball,” said Steve Simon, representing the ownership group. “His passion, loyalty, and vision make him the perfect partner as we enter a new era for the Pacers. We couldn’t be more thrilled to welcome him back home — this time, in the boardroom.”
Miller, who has spent recent years as a respected broadcaster for TNT and CBS Sports, expressed deep gratitude and excitement about his new role. “This organization and this city gave me everything,” Miller said. “To be able to return, not as a player, but as a steward of the franchise’s future — it’s an honor beyond words. I’m committed to building a championship culture that Pacers fans deserve.”
Interestingly, the announcement also acknowledged Miller’s connection to Texas Tech, where he recently served in an advisory role for the Red Raiders’ basketball program. While his time with Texas Tech was short, sources say it reignited his desire to be more involved in the strategic and developmental side of the game.
Miller’s involvement as co-owner is expected to go beyond ceremonial duties. According to team officials, he will play an active role in basketball operations, community engagement, and long-term organizational planning.
As the Pacers prepare for a pivotal 2025-2026 season with a talented young core led by Tyrese Haliburton, Miller’s return marks a symbolic and strategic move to re-energize the franchise — bringing together past glory and future ambition under one roof.
